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How do we farm / wrap coins in the beta?


xrp-pat
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Instead of wrapping you can start at the farm: https://farm.flr.finance/ and farm your tokens to earn YFIN. The menu at the top will have a link to the swap page where you can either swap your coins or put them in liquidity pool. If you participate in a liquidity pool you get an LP token representing your share in the pool. You can take those tokens and farm them to earn YFIN in addition to your cut of the trading fees every time the pool is used for a swap.

Wrapping is a simple idea, but I think it's the most complicated action in the beta test. It just means taking a coin from another ledger (like Ethereum) and wrapping it in Flare to represent it on the Flare ledger. First you need to connect your wallet to the Ropsten testnet (Ethereum's test network). You need at least one ETH from a Ropsten ETH faucet so your wallet will work. Then go back to the Flare Finance faucet, connect using the Ropsten network and click the button for the Ropsten faucet. This should get you your USDT for the beta test. Then you need to go to the Flare Finance wrap page and over again connect using your Ropsten (not Coston!) wallet. This will let you wrap your USDT to get Flare Finance's version - xUSD (or is it USDx?). Is you're successful you'll see the USD coin in your Coston wallet after a few minutes.

It's all super complicated. It's not called a beta test for nothin'.

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10 hours ago, brianwalden said:

It's all super complicated. It's not called a beta test for nothin'.

Good to know, while I was able to set up the wallets and get the coins, connecting all the dots still kind of blazes my average mind... :D There's hope the market rollout will be more "comprehensible."

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